3D Printed Composites Market to Cross $4190.52 million Revenue by 2030

3D Printed Composites Market Overview

“The 3D Printed Composites Market Predictable at $167.28 billion in 2022, is estimated to increase at a CAGR of 37.57% from $654.85 million in 2023 to $4190.52 million by 2030.”

The 3D printed composites market is a rapidly growing industry that utilizes additive manufacturing technologies to create composite materials. These materials are formed by combining reinforcing materials like carbon fiber, glass fiber, or Kevlar with thermoplastic or thermosetting polymers, resulting in superior-quality materials with superior properties.

3D printing technology is revolutionizing the manufacturing industry by allowing precise placement of reinforcing materials within polymer matrix, resulting in composites with enhanced strength, stiffness, and endurance. This technology is being driven by the increasing demand for lightweight, high-performance materials in industries like aerospace, automotive, and defense.

The additive manufacturing (AM) market is expected to grow due to increased demand for prototype tools and competitive R&D in 3D printing, especially in healthcare, aerospace, automotive, and military sectors. This process involves incorporating content to create 3D files, and composites are increasingly replacing metals in various applications due to their superior properties and lower weight.

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Key Takeaways

Between 2023 and 2030, North America is expected to have the largest market share.

Between 2023 and 2030, the Asia-Pacific area is predicted to grow at the fastest CAGR.

The carbon fiber composite segment is expected to grow at the fastest CAGR between 2023 and 2030.

The aerospace and defense end-user segment is predicted to develop at the fastest CAGR between 2023 and 2030.

The material extrusion technology segment is expected to increase at a spectacular CAGR from 2023 to 2030.

Market Dynamics

Growth Drivers

3D printing technology has significantly reduced manufacturing costs by generating complex parts and structures in a single process, eliminating the need for multiple components and assembly stages. It costs about 5.5 times less than PMMA and 10.2 times less than EM to produce, and the initial equipment cost is lower. This technology is particularly useful in the aerospace sector, where high-performance raw materials are expensive to mill down and buy.

3D printed composites are ideal for lightweight airplane materials due to their high strength-to-weight ratios. Engineers use these materials to reduce aircraft bulk and improve energy efficiency. Industrial 3D printers are used to create waste-free parts and components, and 3D printing technology helps evaluate lightweight materials by manufacturing components on demand. This approach helps engineers reduce fuel consumption and improve energy efficiency in aircraft design and construction.

Opportunities:

Defense and aerospace

3D-printed composites offer a cost-effective and efficient method for creating high-strength, low-weight parts in the aerospace and defense industries. This technology reduces production time, waste, and allows for more precise and personalized parts. NASA and SpaceX are using 3D printing technology to create societies on Mars, demonstrating its potential in the aerospace and defense sectors.

Construction industry

The construction industry is exploring the use of 3D-printed composites for building structures due to their strength, durability, and environmental resistance, as well as the ability to create complex geometries, thereby improving construction performance and reducing material waste.

Competitive Landscape of 3D Printed Composites Market

• CORE Industrial Partners LLC
• CRP Technology Srl
• General Electric Co.
• EOS GmbH Electro Optical Systems
• Graphite Additive Manufacturing Ltd.
• 3D Systems Corp.
• Arkema SA
• AREVO Inc.
• BASF SE
• Cosine Additive Inc.

Recent Developments in 3D Printed Composites Market

• CORE acquired GEM manufacturing in February 2023. GEM Manufacturing is a provider of mechanical assemblies and metal components.
• In March 2023, 3D Systems collaborated with TE Connectivity on an innovative solution to generate an entire production plan from design to finished electrical connectors.
• Latécoère and Graphite Additive Manufacturing partnered to develop the next generation of wing techniques using 3D printing methods in August 2022.

Regional Insights

North America holds the highest share of the global 3D printed composite materials market in 2023 due to the increasing use of 3D printing technology in various industries such as aerospace, automotive, healthcare, and consumer products. The demand for lightweight, high-strength, and complex-shaped items is driving the industry, particularly in the manufacturing of personalized implants and prostheses. The healthcare sector in North America is also boosting demand for 3D printing composites, particularly in the manufacture of complex geometries and high precision parts. The ability to create patient-specific parts with complex geometries and high precision has transformed the medical industry, leading to better outcomes and reduced costs. The North American 3D printing composite materials market is expected to grow significantly in the coming years.

The Asia-Pacific market for 3D printing composites is expected to grow at the fastest CAGR due to increased infrastructure spending and new building projects. The region's manufacturing economy, including automotive, aerospace, and electronics, is thriving, and increased investment in research and development and growing 3D printing technology awareness are expected to boost the market.

Segments Covered in the 3D Printed Composites Market

3D Printed Composites Market By Technology Type

• Fusion Bed Infusion
• Stereolithography (SLA)
• Material Extrusion Technology
• Selective laser sintering (SLS)
• Other

3D Printed Composites Market By Composite Type

• Carbon Fiber Composites
• Glass Fiber Composites
• Graphene and Aramid Fiber Composites

3D Printed Composites Market By End-User

• Aerospace & Defense
• Healthcare
• Automotive
• Others

3D Printed Composites Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Frequently Asked Questions

What is the 3D printed composites market size?

The global 3D printed composites market size is expected to increase USD 4,301.83 million by 2030 from USD 170.25 million in 2022.

What will be the CAGR of global 3D printed composites market?

The global 3D printed composites market will register growth rate of 38.12% between 2023 and 2030.

Who are the prominent players operating in the 3D printed composites market?

The major players operating in the 3D printed composites market are 3D Systems Corp., Arkema SA, AREVO Inc., BASF SE, Cosine Additive Inc., CORE Industrial Partners LLC, CRP Technology Srl, General Electric Co., EOS GmbH Electro Optical Systems, Graphite Additive Manufacturing Ltd., Koninklijke DSM NV, Hoganas AB, and Others.

Which are the driving factors of the 3D printed composites market?

The driving factors of the 3D printed composites market are the increasing demand for lightweight and high-performance materials in industries like aerospace, automotive, and defense and increasing demand for prototyping tools from various sectors and competitive research & development.